70-covers Indian Restaurant With Premises Licence And Street Parking In Hayes For Sale

Description

Indian restaurant available for sale in Hayes, offering approximately 70 covers. Property ID: RPS-22398.

PROOF OF FUNDS REQUIRED: All interested parties must be able to provide proof of funds prior to requesting a viewing.

MAIN FEATURES: Located within a busy parade in Hayes alongside several cafés and retail units. Well-suited location for an Indian restaurant with limited direct competition. Total area of approximately 1,405.01 sq ft. Seating for circa 60–70 covers within the bar and restaurant areas. Fully fitted commercial kitchen. Premises licence in place. Street parking available.

LANDLORD’S REQUIREMENTS: A guarantor may be required, subject to references. A six months’ rent deposit is required, subject to references. All standard checks will be carried out.

LEASE DETAILS: Lease expiry in May 2036 (inside the Landlord and Tenant Act 1954). Passing rent of 26,000 per annum exclusive. Rent reviews every four years, with the next review due in May 2028. Premium of 89,000 to include the business lease and fixtures and fittings.

THE PREMISES: Total area of approximately 1,405.01 sq ft. Seating for circa 60–70 covers. Fully fitted commercial kitchen benefiting from gas and extraction. Premises licence in place. Rateable value of 19,000. Payable business rates of approximately 9,481 per annum.

THE BUSINESS: Gross revenue is advised to be approximately 260,000 per annum, equating to around 5,000 per week. The restaurant is managed by the client with the assistance of three part-time members of staff.

THE LOCATION: Hayes, UB4.

VIEWINGS & CONFIDENTIALITY: All interested parties must provide proof of funds sufficient to meet the premium and the landlord’s requirements. A Non-Disclosure Agreement must be agreed with the selling agent in line with the client’s confidentiality request. Viewings are strictly arranged through Restaurant Property Sellers only. Use of the website constitutes acceptance of the stated terms and conditions.

DISCLAIMER: The information provided is supplied by the seller and is issued without responsibility on the part of the firm and should not be relied upon as statements of fact. Any prospective purchaser must satisfy themselves as to the accuracy of each statement. Neither the firm nor its employees have authority to make or give any representation or warranty in relation to this property.